Marvell Technology (MRVL) Revenue — Quarter Ended May 4, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The sequential decrease was steeper than the year-over-year decline.
Key takeaway
Quarter ended May 4, 2024 · FY2025 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The sequential decrease was steeper than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-18.6%
Change from the immediately preceding quarter.
Year-over-year
-12.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 29, 2023 | $1.3B | -11.6% |
| Oct 28, 2023 | $1.4B | -7.7% |
| Feb 3, 2024 | $1.4B | +0.6% |
| May 4, 2024 | $1.2B | -12.2% |
Revenue performance
The reported revenue moved lower, reflecting a contraction from the immediately preceding quarter.
Quarterly comparison
Compared with the same quarter one year earlier, revenue also decreased, though the year-over-year decline was less pronounced than the sequential drop.
What to watch
The sequential revenue decline warrants attention given the prior quarter had shown a slight increase.